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CSPAN
Feb 10, 2010 11:00pm EST
an international from the goldman sachs was number one you need 100 calls to federal chair ben bernanke but then the next highest number of calls and that burger you need 103 -- to emineth named dan jester -- thank you, mr. chairman. may i ask what firm that he worked for -- >> he worked for goldman sachs. >> i will have additional questions with regard to you phoned and we will place that in the record. >> can i just say one thing in response to this? it's very important, congress and you were suggesting the people involved in this were not acting in the public interest and you were suggesting they were working for the private interest now the public interest and that is not true and i believe none of those individuals would be part of a decision like that and i think these people were people of enormous integrity and experience operating under exceptional circumstances with no precedent doing the best they could for what was in the public interest -- >> i must move, i must move. the gentleman from florida secretary geithner, win did aig if you could give the date when did aig call and
CSPAN
Feb 26, 2010 11:00pm EST
true. >> and#rone more question. how independent are you and how much is ben bernanke your boss? >> well, we're, we're,çó tçóhÑi reserve banks are set up to be independent but, the board of governors does have what they have general oversightçó responsibility for the 12 banks o#ty correctly. we're autonomousçó and the chairman of the federal reserve is the chairman of the board of governors, the federaokv?;búr's imÑ authority, and w7riÑiÑin that r. but i also have a board of directors from my çÑegion, ñran they're my boss asÑi well, or ty are my boss. and they can fire me. and or fail to reappoint my and so, i have a hot of oversight. and i think it is very important, though, that i have this board of directors because that brings that independent to the open market committee and that's essential and tha>e's w we were designed the way we were. >> you have the longest tenureÑ of all of the presidents of the federal reserve. you have been in that positñrio since 19ñfñ and been with theÑip of kÑ.nsas city since 1981 in various positions. and let's takeÑi ca
CSPAN
Feb 16, 2010 11:00pm EST
as a country to have in place, hank, ben bernanke kumbaya tim geithner and sheila bair the head of the fdic. i know a lot of people and finance and business and government. i cannot think of for that would have done a better job. but to look back of our country's financial system throes of during that period. some of you were in a party i was that in 2008 when the talk, when you have 3.5 four more trillion held by 30 million people on a sunday night are worried about whether they can get their money, that money was half of all deposits held in the banks at that time. you have a panic. you have commercial paper frees up entirely and some of the biggest companies described in the book worried if they would be payable in a short period of time. the sixth largest bank in the country with the maastricht staged domestic deposits and the third largest bank, wachovia, i needed a shotgun marriage on a monday morning and it just arrived this. interestingly the bookstores early september when fannie mae and freddie mac worry essentially bart -- broke. the two institutions guaranteed 40 percent of all res
CSPAN
Feb 17, 2010 11:00pm EST
that of course was going to burst, and this is why i get mad at people like alan greenspan and ben bernanke and most economists because god knows what on earth was going through their heads in the year 2003 to those of four cardinals five, 2006, to dozens of as the bubble could growing and growing and the savitt is okay and now they are surprised who could have known that is the joke we have or not washington they run around saying who could have known? anyone doing their job should have known. >> host: amity shlaes, anything you want to address? >> guest: i think it's important of the interplay and the war and domestic policy because when you have -- it's true the government can't think about two things at once. it can't walk and chew gum at the same time and when you have a distraction whether you believe it's something we should invest in, afghanistan, iraq or not the government doesn't think well what is going on at home so if he would have called on our various leaders at the fed or the white house over time under -- in this purpose it would be under president bush postsecondary 11th h
CSPAN
Feb 10, 2010 11:00pm EST
. bernanke. -- thank you. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2010] ♪ >> we have quite a lineup on this isle. only a couple on the other. we need a few more folks down here. we've already had to pull some day -- a fulsome day. let's proceed to our question and answer session. we have three other excellent speakers, so a lot to look forward to. i want the banking for coming and your excellent attention. this is our fifth symposium and they seem to get better every year, if that is indeed possible. thank you all for making this such a productive in event. all right, we will begin with our question and answer is, and because there are more of you then of view, we're going to start on this side. >> this is a question for mr. kantor. and cultural prophets redeem themselves with accurate insights? >> i am not sure that i understand the question. >> you are talking about cultural prophesied and you believe that they cannot predict accurately. but can the kid rick -- redeem themselves? >> i am not sure what you mean by t
CSPAN
Feb 24, 2010 11:00pm EST
-span, federal reserve chairman ben bernanke testifies on capitol hill. president obama discusses his economic policies at a meeting with the u.s. business roundtable. and toyota executives testify at a hearing about their company's recalls. on tomorrow's "washington journal," we will preview health care summit with members of congress, including michael burgess of texas, diana degette, james clyburn, and bill cassidy. james clyburn -- julie rovner as well. >> live on thursday, day-long coverage of the health care summit. live from blair house, it will also include your reactions on c-span radio and c-span.org. >> now, federal reserve chairman ben bernanke. he told congress that the federal reserve will maintain low interest rates to help preserve the economy. this is about an hour. >> chairman frank, ranking member baucus, and other members of the committee, i am pleased to present the federal reserve's semiannual monetary policy report to the congress. i will begin with outlook -- comments on the outlook of the economy and for monetary policy. although the recession officially began more tha
CSPAN
Feb 16, 2010 11:00pm EST
not remember this because we probably didn't keep track of everything that paulson and bernanke and george bush did, but lehman falls on september 15, then what we have is on september 23 the chairman of the federal reserve and the secretary of treasury come into congress and they testify that they need $700 billion, they've got a 2 1/2-page bill, they don't know what they're going to do with the money, but if you don't give it to them then the world is going to end. now that makes you a little currentble if you're deciding what you're going to do with your investments. not only that, but the next day the president of the united states comes on national television and says the following, speak to the american people, just to get them, you know, calm down a little bit, he says, financial assets related to home mortgages have lost value during the housing decline and the banks holding these assets are are restricted credit. as a result our entire economy is in danger. so i propose that the federal government reduce the risk posed by these troubled assets and supply urgently needed money so banks
CSPAN
Feb 2, 2010 11:00pm EST
that the time including president bush and secretary paulson and chairman bernanke, our judgment was those pressures esau actor lehman postal woodfin judgmatically amplified it's aig failed than they would spread to parts of the system that would otherwise been unaffected including basic confidence in the insurance system. >> let me get to the point. why is it the derivatives business, lending at the insurance companies, the commercial paper, the aircraft leasing business or something else? >> it is in some ways, again it is hard to separate. what is systemic risk, a difficult thing to judge. >> we are all finding that out of here. >> but that is the reality of it. but again i think the simplest way to they this is look at what happened after lehman brothers and the broader collapse of many of our large institutions. the value of the american savings fell by 40%. you saw hundreds of thousands of businesses forced to close, millions of people lost work. basic confidence in the stability of our system was broken. the rivets for coming of the submarine and in that environment to have the larg
CSPAN
Feb 25, 2010 11:00pm EST
in adjournment until friday 9:30, february 26. that is followed by federal reserve chairman ben bernanke's testimony before the senate banking committee. >> i come from latin america. i am never expecting to find this kind of poverty. >> photographer and documentary filmmaker on a different side of the nation's capital in the shadow of power, sunday on c-span's q. and a. >> homeland security secretary janet napolitano testified before a house in a about her agency's budget request for the next fiscal year. she answered questions about the consolidation of some of the department's programs and denied reports that the board of security staff has been cut. this is three hours. >> the committee on homeland security will come to order. the committee's meeting today to receive testimony from secretary janet napolitano on the presidents fy2011 budget request for the department of homeland security. i want to thanks secretary napolitano for being flexible about testifying in support of the president's fiscal year 2011 budget request for the department of homeland security after back-to-back bliz
Search Results 0 to 8 of about 9